Hi Ronnie, As per my earlier posts: -I don't follow charts much, but you make a valid point that the shares are seriously undervalued. -Chris Towsey stated during our visit that petroleum products (diesel,lubricants and hydraulic oil) only make up 3% of their operating costs, so even if petroleum doubled in price, it would only increase their operating costs by 3%. There would be some flow-on from manufactured goods and freight, but again, only single-digit increase.
CTO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
